The US Commerce Department announced that retail sales rose 1.1 per cent in February, thumping expectations for a 0.5 per cent bump. The euro fell and hit new session lows against the USD on Wednesday following the release of official data from the US…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, Gold, USDThe dollar continued to perform strongly following Friday’s data which showed that the U.S. economy added more jobs than expected in February, the unemployment dropping to 7.7 per cent. The stout data powered guesswork over the possible Federal Reserve’s easing program…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, Oil Pricing, USDThe rallying dollar saw the euro approaching a three-month low against the dollar on Monday following Friday’s promising nonfarm payrolls bang which inspired optimism that the U.S. economic recovery is real and on track. EUR/USD hit 1.3025 during European trading hours and the major pair then consolidated at 1.3002…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, Oil Pricing, USDThe euro was smashed on Friday following better-than-expected job numbers from America. The color of the day was green as the USD was boosted following the announcement by the U.S. Department of Labor Statistics that 236,000 jobs were added in February, significantly more than 160,000, a figure expected by most analysts…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, GBP, USDThe EUR/USD glided lower on Wednesday as sentiment over the euro continued to be brittle before an ECB gathering on Thursday. The pair hit 1.3024 over the course of European afternoon trade, the session low and then consolidated at 1.3038…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, GBP, USD